Nearly 60 years after the nonprofit began, Jefferson Rehabilitation Center has formed a foundation.
Executive Director Howard W. Ganter said as JRC and other nonprofits face continued funding cuts from the state and federal governments, JRC needed to formalize a foundation and focus on diverse ways to raise money.
Based on the changes in funding, we thought it was important to have a foundation to have assets available to support the program, Mr. Ganter said. It will not be used for operations, only to support programs.
He said the foundation is still in its infancy, having formed only in January, and its board has met four times so far. The board, which is led by President Miyako N. Schanley, developed planned giving, annual giving and financial investment committees.
In order to enhance facilities, add equipment and add additional recreation services that are not covered, they need this extra funding, Mrs. Schanley said. JRC has such a reputation where the quality of their work is so well known. I think thatll be a real asset to the foundations work.
Although many plans have yet to be finalized, Mr. Ganter said, at some point the JRC Foundation may consider a capital campaign.
An annual appeal campaign will be formed, and the foundation will encourage client families and community members to consider giving to the foundation through wills and bequests.
Mr. Ganter, a foundation board member, said the foundation was formed with the help of JRC itself, as the large nonprofit gave a $100,000 loan to the foundation for startup costs.
Formalizing a foundation was the right move, he said, since the agency looks forward to raising significantly more money than the typical $60,000 JRC raises annually through events.
On Sept. 13, the foundation will be in charge of the Sue Day Memorial Golf Tournament at Ives Hill Country Club.
Other special events will be planned throughout the year.
Mr. Ganter said he would like to see the foundation build up to include an annual signature event.
As all 10 foundation board members work through their one-year term, they are looking for five others to join them. Mr. Ganter said he eventually would like to see JRC members and clients on the board.